Housing Wire

AUGUST 4, 2021

for 80% LTV loans. for 80% LTV loans. for 80% LTV loans. The post 30-year rate drops below 3% for first time since February appeared first on HousingWire.

Fixed-rate mortgage 497

Fixed-rate mortgage Loans Mortgages Marketing 497

Housing Wire

DECEMBER 23, 2020

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8%

Fixed-rate mortgage 538

Fixed-rate mortgage Mortgages FHA loan Loans 538

Housing Wire

SEPTEMBER 16, 2020

Purchase activity has outpaced year-ago levels for 17 consecutive weeks, with a stronger growth in loans with higher balances pushing MBA’s average loan size to a new survey high of $370,200.”. The adjustable-rate mortgage (ARM) share of activity increased to 2.3% of total applications. from 10.2% the week prior.

Fixed-rate mortgage 542

Fixed-rate mortgage Mortgages Loans Industrial 542

Housing Wire

JULY 7, 2021

Those who are filling out purchase mortgage applications are requesting bigger loan amounts, but there are fewer applicants. “Swift home-price growth across much of the country, driven by insufficient housing supply, is weighing on the purchase market and is pushing average loan amounts higher,” Kan said.

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Fixed-rate mortgage Mortgages Loans Industrial 482

Housing Wire

SEPTEMBER 23, 2020

9 , Joel Kan, MBA’s associate vice president of economic and industry forecasting, said the recent rebound in refinance activity was driven mainly by borrowers applying for conventional loans. The adjustable-rate mortgage (ARM) share of activity fell slightly to 2.2% of total applications. from 3.07%.

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Fixed-rate mortgage Mortgages Marketing Loans 537

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market.

Loans 397

Loans Fixed-rate mortgage Mortgages Loan Officer 397

Housing Wire

AUGUST 19, 2020

Conventional purchase applications drove last week’s increase, while applications for government loans decreased,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.13% from 3.06%.

Fixed-rate mortgage 542

Fixed-rate mortgage Mortgages Loans Industrial 542

Housing Wire

JULY 21, 2021

This, in turn, led to mixed changes in mortgage rates. “Refinance activity fell over the week, but because rates have stayed relatively low, the pace of applications was close to its highest level since early May 2021.”. The post Mortgage applications fall amid market jitters appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Marketing Loans 476

Housing Wire

AUGUST 12, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.06% from 3.14%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.40% from 3.51%.

Fixed-rate mortgage 545

Fixed-rate mortgage Mortgages Loans Industrial 545

Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

Loans 476

Loans Fixed-rate mortgage Principal Renovation 476

Housing Wire

JUNE 16, 2021

from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans. The post Mortgage applications increase as 30-year rate falls appeared first on HousingWire.

Fixed-rate mortgage 521

Fixed-rate mortgage Mortgages Loans Industrial 521

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. retail residential mortgage applications. Mortgage apps also rose 4.7% for home purchases and 1.7% for refinancing.

Loans 418

Loans Mortgages Loan Officer Fixed-rate mortgage 418

Housing Wire

OCTOBER 11, 2023

As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. from 14.5%

Loans 413

Loans VA loan FHA loan Mortgages 413

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 459

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Housing Wire

MARCH 24, 2021

The post Mortgage applications dip as home prices climb appeared first on HousingWire.

Fixed-rate mortgage 497

Fixed-rate mortgage Mortgages Loans Land 497

Housing Wire

NOVEMBER 1, 2023

Rates for a 30-year, fixed-rate mortgage are the highest in over 20 years and may stay elevated for some time. In many cases, that product may still be a fixed-rate mortgage. But for some borrowers, a less traditional loan type could make the most financial sense.

Loans 433

Loans Fixed-rate mortgage Lending Loan Officer 433

Housing Wire

OCTOBER 6, 2021

Joel Kan, MBA’s associate vice president of economic and industry forecasting, said that “higher rates are reducing borrowers’ incentive to refinance, as declines were seen across all loan types.” drop in conventional loans application. According to Kan, it was not enough to bring down the average loan balance of $410,000.

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Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

NOVEMBER 18, 2021

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%.

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Fixed-rate mortgage Mortgages Loans Industrial 514

Housing Wire

AUGUST 18, 2021

The refinance share of mortgage activity decreased to 67.3% The share of applications for conventional purchase loans decreased from the week prior, while Federal Housing Administration and Veterans’ Affairs loans, typically popular with first-time homebuyers, gained a larger share. of total applications from 68.0%

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Fixed-rate mortgage Mortgages Loans Industrial 476

Housing Wire

JANUARY 13, 2022

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. A year ago at this time, it averaged 2.23%.

Fixed-rate mortgage 505

Fixed-rate mortgage Mortgages Loans Closing 505

Housing Wire

SEPTEMBER 28, 2023

Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time.

Fixed-rate mortgage 488

Fixed-rate mortgage Mortgages Loans Investor 488

Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. A year ago at this time, it averaged 2.16%.

Fixed-rate mortgage 511

Fixed-rate mortgage Mortgages Lending Loans 511

Housing Wire

JULY 13, 2022

June was a rough month for jumbo-mortgage securitizations, with only two private-label offerings brought to market valued at roughly $821 million. The two jumbo-loan deals that did make it out of the gate last month were issued by Rocket Mortgage and J.P. Morgan Chase via the Rocket Mortgage Trust and J.P.

Loans 418

Loans Fixed-rate mortgage Mortgages Residential 418

Housing Wire

FEBRUARY 17, 2022

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. 17, up 23 basis points from the previous week.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Industrial 448

Housing Wire

MARCH 24, 2022

And there’s good reason to believe mortgage rates will be in the 5% range before too long. According to data from Freddie Mac ‘s PMMS survey, mortgage rates on the traditional 30-year fixed-rate mortgage jumped 26 basis points to 4.42% this week, with increases across all loan types.

Fixed-rate mortgage 488

Fixed-rate mortgage Mortgages Banks Loans 488

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan. Presented by: Citi.

Fixed-rate mortgage 528

Fixed-rate mortgage Mortgages Loan Officer Loans 528

Housing Wire

MARCH 24, 2023

According to the report, about 37% of the loan modifications completed in Q4 reduced borrowers’ monthly payments by at or over 20%. Rising rates led to a reduction in mortgage refinances during that quarter, declining to 111,251 in Q4 2022, down from 194,189 the previous quarter.

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Fixed-rate mortgage VA loan FHA loan Loans 459

Housing Wire

DECEMBER 28, 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 505

Fixed-rate mortgage Mortgages Finance Equity 505

Housing Wire

SEPTEMBER 20, 2023

15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. The 30-year fixed mortgage rate increased to 7.31% last week, according to Kan.

Fixed-rate mortgage 475

Fixed-rate mortgage Mortgages FHA loan Loans 475

Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. A year ago at this time, it averaged 2.19%.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Technology Closing 482

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Construction Loans 493

Housing Wire

JANUARY 20, 2022

The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Mortgage rates moved up again as the 10-year U.S.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Lending Loans 482

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. The refinance share of mortgage activity decreased to 31.1% The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased from 7.05% to 7.07%, with points increasing from 0.63

VA loan 470

VA loan Mortgages Fixed-rate mortgage Loans 470

Housing Wire

SEPTEMBER 30, 2021

Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types, in conjunction with the 10-year U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Fixed-rate mortgage 505

Fixed-rate mortgage Mortgages Banks Loans 505

Housing Wire

OCTOBER 27, 2021

Higher rates continue to reduce borrowers’ incentive to refinance,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, those with balances at $548,250 or less, increased to 3.30% from 3.23%.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages Loans Sales 468

Housing Wire

OCTOBER 5, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages MLS Loans 476

Housing Wire

DECEMBER 16, 2021

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. A year ago, at this time, it averaged 2.21%.

Fixed-rate mortgage 516

Fixed-rate mortgage Mortgages Lending Banks 516